Prosperity Group International (HKSE:01421) Receivables Turnover : 0.42 (As of Dec. 2024)

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What is Prosperity Group International Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Prosperity Group International's Revenue for the six months ended in Dec. 2024 was HK$54.7 Mil. Prosperity Group International's average Accounts Receivable for the six months ended in Dec. 2024 was HK$130.3 Mil. Hence, Prosperity Group International's Receivables Turnover for the six months ended in Dec. 2024 was 0.42.

Prosperity Group International Receivables Turnover Historical Data

The historical data trend for Prosperity Group International's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prosperity Group International Receivables Turnover Chart

Prosperity Group International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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1.36

1.43

0.85

0.53

1.33

Prosperity Group International Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.36	0.13	0.57	0.78	0.42

Competitive Comparison of Prosperity Group International's Receivables Turnover

For the Solar subindustry, Prosperity Group International's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Prosperity Group International's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Prosperity Group International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Prosperity Group International's Receivables Turnover falls into.

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Prosperity Group International Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Prosperity Group International's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	160.732	/ (	(107.717	+	134.55)	/	2 )
=	160.732	/	121.1335
=	1.33

Prosperity Group International's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	54.654	/ (	(134.55	+	125.983)	/	2 )
=	54.654	/	130.2665
=	0.42

Prosperity Group International (HKSE:01421) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Prosperity Group International Receivables Turnover Related Terms

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Prosperity Group International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Prosperity Group International Ltd (HKSE:01421) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG

Website

http://www.kingbostrike.com

Prosperity Group International Ltd Formerly Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in two segmtents namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China.

Prosperity Group International Headlines

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